Global Crypto Market Steadies Amid Ongoing Middle East Conflict

The global crypto market has shown some signs of stability on Monday, despite the ongoing tensions in the Middle East. According to data from various sources, Bitcoin rose 1.4% to $66,734.8 at 18:13 ET (22:13 GMT), marking a slight rebound after a two-week losing streak for risk assets since the start of the war.

The escalation of the conflict in Iran has been a major concern for investors, with various factions involved in the conflict launching attacks on each other. The Houthis, an Iran-backed group based in Yemen, launched missiles at Israel over the weekend, while US President Donald Trump threatened to strike key Iranian energy infrastructure if a deal is not reached.

Despite these mixed signals, the global crypto market showed some resilience on Monday, with the total market capitalization up 1% over the past 24 hours to $2.32 trillion. The ongoing conflict is expected to drive short-term volatility across assets, but for now, the market seems to be holding its ground.